**AGREEMENT** 

 1.        **LEASE OF AIRCRAFT; DELIVERY**. 

 **(a)**Lessor hereby agrees to lease the Aircraft to Lessee and Lessee hereby agrees
to lease the Aircraft from Lessor, subject to the terms and conditions set forth herein. Lessee’s possession, use or operation of the Aircraft pursuant to this Agreement shall be referred to herein as the “**Lease Operations**.”
Lessee agrees that its Lease Operations shall not exceed **four hundred seventy-five (475)** flight hours during any twelve (12) month period without the consent of Lessor. 

 **(b)**Prior to the Lease Operations, Lessor shall deliver the Aircraft to Lessee at
**BRADLEY INTERNATIONAL AIRPORT, WINDSOR LOCKS, CONNECTICUT** or at such other location as is mutually agreed to by Lessor and Lessee, with all Aircraft
records, logs and other materials required by the United States Department of Transportation (the “**DOT**”) or the FAA with respect to the maintenance and operation of the Aircraft and in compliance with all Delivery Conditions (as set
forth on **EXHIBIT A**). Lessee shall be deemed to have accepted the Aircraft and be satisfied with the condition thereof upon commencement of the Lease Operations and execution of an Aircraft Delivery Receipt in the form
attached hereto as **EXHIBIT B**. The parties agree that the Aircraft Delivery Receipt will not be filed with the FAA and that filing of this Agreement with the FAA shall evidence that the Aircraft has been accepted by Lessee
and that the Lease Term (as defined in **Section 2** below) has commenced. 

  


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